Entoro Capital and Unicorns Exchange have entered into a strategic partnership to offer secondary sales of highly desired companies to accredited investors and QIBs on Entoro's OfferBoard. Entoro will use its proprietary platform as a marketplace for online private securities syndication. OfferBoard offers faster and more efficient means for investors to access deal flow and make direct investments in late-round investment opportunities. The new marketplace is attractive for Family Offices, Endowments, Foundations, Pension Plans, and other Institutional investment groups seeking pre-IPO and established secondary Issuers.
By utilizing blockchain technology, buyers will have the option to receive the shares as traditional securities or digital securities in a regulated securities environment. If buyers select to receive digital securities, the shares are digitized in an SPV. This effort democratizes global access to Pre-IPO companies in order to lower the barrier to entry for investing.
Entoro is offering investors to acquire positions in WeWork, DiDi, Ripple, Kraken, Grab and PayTM. Currently the cumulative available stock for sale in twenty companies exceeds $500 million. The blocks of private secondary sales are uniquely positioned by interests from the sellers to liquidate their holdings creating attractive buy-side demand at scale.
"In today's ecosystem, where more companies are choosing to stay private for longer periods, shareholders have to wait longer to liquidate their shares. On the other hand, the significant valuation increase that occurs prior to an IPO or exit is not accessible to traditional investors," said Idan Miller, Founder of Unicorns Exchange. "The goal is to allow investors to join the scale-up valuation ride by investing in shares of these pre-IPO companies prior to their liquidity event."
"We believe this is an excellent addition for Entoro because it greater diversifies the offerings on our offering platform, OfferBoard, and attracts a larger variety of investors. OfferBoard already has oil and gas deals and tech-company offerings for preferred equity and convertible notes." said James C. Row, Managing Partner of Entoro Capital. "Adding shares of Pre-IPO companies with the option to digitize them on a blockchain furthers Entoro's agenda as a leader in the financial and blockchain ecosystem."
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